Assam tops in the budgetary practices survey

News:The Transparency International has conducted a survey to analyse the best practices followed by the states in the Budget Formulation.

Facts:

About the survey:

• The survey was based on 4 parameters a) public disclosure b) budgetary process c) post-budget fiscal management and d) efforts to make the budget more transparent and citizen-friendly.

Key takeaways from the survey:

• Assam has emerged as the top state in terms of best practices followed in budget formulation.
• It was followed by Odisha and Andhra Pradesh.
• The states which figured lower in the ranking were Goa, Maharashtra and Punjab.

Additional information:

About Transparency International:

• Transparency International is an international non-governmental organization.It was founded in 1993 based in Berlin, Germany.
• Its purpose is to take action to combat corruption and prevent criminal activities arising from corruption.
• It publishes various reports such as the Global Corruption Barometer and the Corruption Perceptions Index.

7 PM Editorial |Need For a Fiscal Council In India|25th August 2020